Here are some important details when filing for the New York state income tax returns.
When filing for the New York state income tax, it is important to know about the deadlines and extensions. (Photo: Grow Advisory Group)
Deadline Of The New York State Income Tax
The deadline for filing federal income tax returns for the year 2023 is Monday, April 15. New York state income tax is also due on the same day. However, the New York state income taxes can be filed for an extension by filling out Form 4868 before April 15, which would give them an additional six months to complete their New York state income tax return, extending the due date to Tuesday, October 15.
If someone files for an extension for the New York state income tax and owes taxes, they must make the payment by the original due date. To file for the New York state income tax, individuals can either fill out a Form 1040 online or send a paper form by mail.
It is important to note that New York state income tax filing by mail might take six months or more to process. Taxpayers who earned $73,000 or less in 2023 can use the IRS website to file their New York state income tax returns for free.
According to a published article by SmartNews, in New York, individuals who earn $79,000 or less can also file their New York state income tax return online for free.
The IRS also provides online tools and assistance for the filing of New York state income tax. New York also offers a Taxpayer Assistance Program to help with the preparation and electronic filing of tax returns.
Tips To Know When Filing Taxes
In a published article by CNN.com, the IRS has started accepting 2023 federal income tax returns. Filing taxes is necessary and failing to do so may result in penalties. Some tips to make the process easier is to be aware of the deadlines, with April 15 being the usual deadline, it is also important to review your previous year’s return and to gather the necessary documents for this year.
Considering any significant life changes in 2023, such as marriage, divorce, selling property, or moving is also important as these may affect your tax liability or refund compared to last year.
